Published on: May 28, 2025 | By Startup by DOC
Elon Musk’s Starlink Launches in India at ₹850/month:
In a move that could transform India’s digital infrastructure, Elon Musk’s Starlink is officially launching in India with satellite internet plans starting at just ₹850 per month. This development is expected to revolutionize connectivity in rural and underserved regions across the country.
But that’s just one highlight in a whirlwind 24 hours for India’s dynamic startup ecosystem. From Citykart’s ₹538 crore funding round and OYO’s fresh IPO plans, to major regulatory actions and a wave of health and tech innovation, here are the top headlines you need to know.
1. Starlink Launches in India at ₹850/Month
Elon Musk’s Starlink has confirmed its satellite internet rollout in India with ultra-affordable pricing. With rural areas still struggling for reliable broadband access, this launch could fill a massive gap in digital inclusion and challenge the dominance of traditional telecom providers.
2. Citykart Raises ₹538 Crore in Series B Round
Citykart, a value fashion retail chain focused on Tier-II and Tier-III cities, has raised ₹538 crore in a Series B funding round led by TPG NewQuest and A91 Partners. The capital will support store expansion in untapped markets and enhance operational capacity.
3. OYO Targets $7 Billion Valuation in IPO Talks
Hospitality major OYO, founded by Ritesh Agarwal, is reportedly in discussions with investment banks as it prepares to launch its IPO. The company is aiming for a valuation between $5 billion and $7 billion, signaling a renewed focus on global expansion and profitability.
4. CRED Secures $75 Million in New Funding Round
Fintech unicorn CRED has returned to the funding space with a $75 million round from existing investors. This marks its first major capital raise in three years, and is seen as a significant vote of confidence in its core offerings and growth potential.
5. BIS Raids FirstCry Warehouse in Bengaluru
The Bureau of Indian Standards (BIS) has raided a FirstCry warehouse in Bengaluru, seizing non-compliant baby products valued at ₹90 lakh. The action comes as part of a wider crackdown on product safety and labeling violations in India’s online commerce sector.
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6. Food Pharmer Launches Clean-Label Brand After Quitting ₹72 Crore Job
Revant Himatsingka, popularly known as Food Pharmer, has exited a lucrative ₹72 crore career to launch a clean-label food brand. With a focus on ingredient transparency and consumer education, the brand aims to tap into India’s rapidly growing health-conscious market.
7. Mumbai Introduces New Penalties for Cab Cancellations
In a first-of-its-kind move, Mumbai has introduced a dual-penalty system for last-minute cab cancellations. Passengers will now be fined ₹250 or 5% of the ride fare, while drivers will face a ₹100 or 10% charge, depending on the party responsible for the cancellation.
8. Deeptech Startup Contineu Raises $1.2 Million
Bengaluru-based deeptech startup Contineu has raised $1.2 million in a seed round to advance its AI-powered industrial solutions. The company is developing next-gen automation systems for manufacturing and logistics, aimed at improving real-time decision-making.
9. EUME Raises ₹25 Crore from Strategic Investors
Premium luggage brand EUME has raised ₹25 crore in a fresh funding round backed by prominent investors including Ashish Kacholia. The funds will be used to strengthen D2C operations and expand international distribution channels.
10. Fleetx Raises ₹113 Crore in Series C Funding
Logistics technology company Fleetx has raised ₹113 crore in its Series C round to enhance its predictive fleet management software. The SaaS-based platform is helping logistics companies optimize routes, reduce fuel costs, and gain real-time visibility into fleet operations.
Final Word
From the global launch of Starlink to local retail and fintech milestones, India’s startup ecosystem continues to grow at an unprecedented pace. Each of these developments—be it capital infusion, product innovation, or regulatory crackdowns—reflects the energy and momentum shaping India’s new economy.
Stay tuned to Startup by DOC for daily updates, exclusive insights, and founder-driven narratives that power India’s startup revolution.
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